Jack Meaning, Chief Economist at Barclays, and Ben Zaranko, Lead Researcher on Public Finances at the Institute for Fiscal Studies, delve into the complexities of the UK bond market. They discuss how government borrowing has surged post-pandemic and the shifting landscape of gilt investors. The duo reflects on the impact of the controversial Liz Truss mini-budget, investor confidence, and the implications for fiscal credibility. As government debt becomes costlier, they explore how upcoming budget decisions might influence economic growth and living standards.
